Limited Company Formats (AS Level Only): Debentures Account Format (Copy)
Debentures Account Format
Standard Debentures Account Layout (Exam-Preferred)
Debentures Account
| Debit (Dr) | Amount | Credit (Cr) | Amount |
|---|---|---|---|
| Balance b/d | xxxx | ||
| Issue Of Debentures | xxxx | ||
| Balance c/d | xxxx | ||
| Balance b/d | xxxx |
- Records Long-Term Loan Capital Raised By Company
- Shown At Nominal Value
- Treated As Non-Current Liability
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Debentures Account With Issue During The Year
Debentures Account
| Debit (Dr) | Amount | Credit (Cr) | Amount |
|---|---|---|---|
| Balance b/d | xxxx | ||
| Issue Of Debentures | xxxx | ||
| Balance c/d | xxxx | ||
| Balance b/d | xxxx |
- New Debentures Issued Credited
- Balance c/d Represents Total Outstanding Debentures
Debentures Account Issued At Par (Format Awareness)
Debentures Account
| Debit (Dr) | Amount | Credit (Cr) | Amount |
|---|---|---|---|
| Issue Of Debentures | xxxx | ||
| Balance c/d | xxxx |
- Issue Price = Nominal Value
- No Premium Or Discount Recorded Here
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Debentures Account Issued At Premium (AS Level Awareness)
Debentures Account
| Debit (Dr) | Amount | Credit (Cr) | Amount |
|---|---|---|---|
| Issue Of Debentures (Nominal Value) | xxxx | ||
| Balance c/d | xxxx | ||
| Balance b/d | xxxx |
- Premium On Issue Recorded Separately
- Debentures Account Shows Nominal Value Only
Debentures Account Issued At Discount (AS Level Awareness)
Debentures Account
| Debit (Dr) | Amount | Credit (Cr) | Amount |
|---|---|---|---|
| Discount On Issue Of Debentures | xxxx | Issue Of Debentures | xxxx |
| Balance c/d | xxxx | ||
| Balance b/d | xxxx |
- Discount Shown Separately
- Debentures Account Still At Nominal Value
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Redemption Of Debentures (Format Awareness – If Tested)
Debentures Account
| Debit (Dr) | Amount | Credit (Cr) | Amount |
|---|---|---|---|
| Redemption Of Debentures | xxxx | Balance b/d | xxxx |
| Balance c/d | xxxx | ||
| Balance b/d | xxxx |
- Redemption Reduces Liability
- Bank Account Credited Separately
Items Recorded In Debentures Account
- Opening Balance Of Debentures
- Issue Of Debentures
- Redemption Of Debentures (If Applicable)
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Items Never Recorded In Debentures Account
- Interest On Debentures
- Debenture Interest Expense
- Bank Entries
- Profit Or Loss
Presentation Rules For Debentures Account (Exam Scoring)
- Clearly Label “Debentures Account”
- Use Nominal Value Only
- Balance b/d And Balance c/d Must Be Shown
- Classified As Non-Current Liability
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Common Labels Used In Debentures Account
- Debentures
- Issue Of Debentures
- Redemption Of Debentures
- Balance b/d
- Balance c/d
Compact Debentures Account Template (Emergency)
Debentures Account
Balance b/d xxxx
Issue Of Debentures xxxx
Less: Redemption (If Any) xxxx
Balance c/d xxxx
One-Glance Exam Template
Debentures
Long-Term Loan
Nominal Value Only